"Given her personal characteristics, social background economic circumstances, etc., a person has the ability to do (or be) certain things that she has reason value. The reason for valuation can be direct (the functioning involved may directly enrich her life, such as being well - nourished or being healthy) or indirect (the functioning involved may contribute to further production, or command a price in the market). The human capital perspective can- in principle - be defined very broadly to cover both types of valuation, but it is typically defined by convention - primarily in terms of indirect value: human qualities that can be employed as "capital" in production in the way physical capital is. In this sense, the borrower view of human capital approach fits into the more inclusive perspective of human capability which can cover both direct & indirect consequences of human abilities. Consider an example, If education makes a person more efficient in commodity production, then this is clearly an enhancement of human capital. This can add to the value of production in the economy & also to the income of the person who has been educated. But even with the same level of income, a person may benefit from education, in reading, communicating, arguing, in being able to choose in a more informed way, in being taken more seriously by others, & so on. The benefits of education thus, exceeds its role as human capital in commodity production. The broader human capability perspective would record - and value - these additional roles."